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Patrick Smith

Patrick Smith

Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd

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March 04, 2022 | The American Lawyer

Sky-High Demand Pushes Goodwin to More Than 30% Growth in Revenue, Profit Pool

Goodwin did more deals than any other law firm in 2021.

By Patrick Smith

4 minute read

March 04, 2022 | National Law Journal

Goodwin Takes Arnold & Porter Partner to Help Lead Health Care Government Enforcement Group

"Looking at what is happening in my field, Goodwin sits in a special position with its work in health care, life sciences and with innovative companies," new partner Kirk Ogrosky, a former DOJ lawyer, said.

By Patrick Smith

3 minute read

March 02, 2022 | The American Lawyer

Here's Why Profit Growth Will Be Tougher in 2022

"I think 2022 is going to be just generally slower than 2021," said one Big Law dealmaker. And after a breakneck 2021, "I'm also just not sure it's personally sustainable."

By Andrew Maloney | Patrick Smith

5 minute read

March 01, 2022 | The American Lawyer

First Big Law Firms Match New Cravath Associate Salary Scale

McDermott Will & Emery and Quinn Emanuel Urquhart & Sullivan were the first to announce that they were matching Cravath, Swaine & Moore.

By Patrick Smith

2 minute read

March 01, 2022 | The American Lawyer

White & Case Hires Proskauer Partner as New Private Credit Group Co-Head

"In the last two to three years, private credit has seen the most rapid growth in its history," Vincenzo Lucibello said.

By Patrick Smith

3 minute read

February 28, 2022 | The American Lawyer

Cravath Tops Davis Polk Salary Scale for 4th Years and Above

Cravath Swaine & Moore finally made its move in the 2022 associate salary raises on Monday, matching Milbank's first-year pay and surpassing what has become the prevailing scale for more senior associates.

By Patrick Smith

2 minute read

February 28, 2022 | The American Lawyer

Deal Watch: M&A Picks Up, Russia's Invasion of Ukraine Looms Large

Geopolitical concerns are drawing scrutiny on European markets and Russian client relationships.

By Patrick Smith

7 minute read

February 28, 2022 | The American Lawyer

How Did Big Law Profits Surge? Demand and Big Rate Hikes Were Key

A series of events led to sky-high profits across the legal industry last year.

By Andrew Maloney | Patrick Smith

5 minute read

February 24, 2022 | The American Lawyer

McDermott Sees Second Straight Year of PEP Growth Over 20%, Hitting $3M Mark

"Our disruption and dispersion in the market is what most interests me," firm chair Ira Coleman said.

By Patrick Smith

5 minute read

February 24, 2022 | The American Lawyer

One Year In, Boutiques Formed Mid-Pandemic See Bright Futures

Two groups of former Big Law attorneys started new firms in early 2021. And it worked.

By Patrick Smith

6 minute read